I'd have no problem with HFT, if they were on the same playing...

I'd have no problem with HFT, if they were on the same playing field as us, the retail holders. I can't buy any parcel of shares unless it's a min of $500 and i have to pay brokerage on any parcel i buy. In it's current for my feeling is that HFT is contrary to the purpose of the market, which is for companies to raise equity to fund projects that add economic utility to our nation.

The deck is already stacked against retail holders. Companies continually shaft them by making placements to institutions at discounts and not offering any to retail holders. Sure it's legal, but it's completely immoral. Only a few months ago ASIC was considering a proposal from the ASX to expand the ability of companies to raise capital equal to 30% of the existing base without shareholder approval. If i'm not mistaken it's currently 15%. Not sure where this is at, but as far as i'm concerned such a proposal is criminal.